Make a down payment of a new gym

Assignment Help Business Management
Reference no: EM132652006

Irfaz and Izhaar Fitness Company is establishing a fund to make a down payment of a new gym. The deal will require $950,000 at the end of 5 years.

(a) The company plans to put a fixed amount into the fund each year for 5 years, the first payment to be made in one year. Assume the fund will earn 12% per annum. What annual contribution must be made to accumulate $950,000 at the end of 5 years?

(b) If Irfaz and Izhaar Fitness company decides to set aside a lump sum today at 12% instead of making annual payments, how much should this sum be?

Reference no: EM132652006

Questions Cloud

Discuss removable Media like USB drives and SD cards : Discuss partition tables and partitioning and explain why disks may often be divided. Discuss removable Media like USB drives and SD cards.
Record the preceding transactions in general journal form : Determined that $180 of supplies were on hand at the end of the year. Record the preceding transactions in general journal form
What is file signature-computer forensics : What is a file signature and why is it important in computer forensics. What are some ways that people can hide data on a drive?
What were your strengths in the interview : How did the assigned Corey readings, PowerPoints, Handouts, and videos inform your therapy session? Please explain in detail.
Make a down payment of a new gym : Irfaz and Izhaar Fitness Company is establishing a fund to make a down payment of a new gym. The deal will require $950,000 at the end of 5 years.
What is the worth of oscar and ravin company stock : (a) What is the worth of Oscar and Ravin Company's stock today?
Describe culture of organization for potential challenges : Assess the culture of the organization for potential challenges in incorporating the nursing practice intervention. Use this assessment when creating.
Calculate the portfolio expected return-beta of portfolio : If the return on the market is 10% and the risk-free rate is 3%, what is the required rate of return on the portfolio?
Describe what a brokerage firm : Question - Describe what a brokerage firm, also called a broker-dealer, is in the business of doing. Briefly describe what an Investment Adviser

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd